NOT LISTED FOR SALE
Studio
-- Bath
2,650 Sq Ft
1,307 Sq Ft Lot

Sale Details

Date Sold: August 30, 2023

Last sale price $426,500 $161 Per Sq Ft

7 Days on Market

Highlights

  • Partially Wooded Lot
  • Wood Flooring
  • Porch
  • Traditional Architecture
  • Balcony
  • 3-minute walk to Musser Park

About This Home

As of August 2023

FIVE LICENSED UNITS WITH A CONVENIENT CENTER-CITY LOCATION, 7 Doors from MUSSER PARK !! Seller has had ownership for over 44 years. Three one-bedroom units, 1 efficiency, & a room w/bath & kitchenette. Units 3 & 5 have been occupied by same tenants for 25+ years. 1st fl. Unit now rented for $950.00 beginning July 1st. Second fl. is newly renovated & should rent for $900.00/mo. -current owner prefers the new owner select the new tenant. Home has an interesting history - Franklin College occupied 109-117 N. Lime St. from 1839 until their merger with Marshall College in 1854. Charles Demuth was born & lived at 109 N. Lime St. for approximately 6 years until his family relocated to the 100 Block of E. King St. and John Weiss, balloonist, also resided at 109 N. Lime in the mid-19th century. Full Lancaster Code inspection including lead paint abatement completed June 1. 2023. Leases are 1 yr. term - Unit 1 lease expires July 1, 2024, Unit 2 is currently vacant, Unit 3 lease expires 8/31/23, Unit 4 lease expires 12/30/23, and Unit 5 lease expires 7/31/23.
**PLEASE NOTE! INTERESTED BUYERS ARE ENCOURAGED TO ATTEND AN OPEN HOUSE BEING HELD THIS WEDNESDAY, JUNE 14TH, 2023 FROM 04:30 PM UNTIL 07:00 PM. NO SHOWINGS BY APPT. - OPPORTUNITIES TO SEE THIS PROPERTY WILL BE ONLY IN OPEN HOUSES !

Last Agent to Sell the Property

Jeff LeFevre

(717) 393-0100 gschlectic@homesale.com Berkshire Hathaway HomeServices Homesale Realty License #RS102514A Listed on: 06/12/2023

Berkshire Hathaway HomeServices Homesale Realty

Last Buyer's Agent

Justine Dennis McPhee

(717) 553-2500 klrw1040@kw.com Keller Williams Elite License #RS322183

Keller Williams Elite

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,446

Year Built

  • Built in 1780

Lot Details

  • 1,307 Sq Ft Lot
  • Landscaped
  • Partially Wooded Lot
  • Property is in very good condition

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 2,650 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Electric Oven or Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Soaking Tub
  • Bathtub with Shower

Parking

  • Off-Site Parking
  • Rented or Permit Required

Outdoor Features

  • Balcony
  • Porch

Schools

  • Mccaskey High School

Utilities

  • Heating System Uses Natural Gas
  • Radiant Heating System
  • Electric Baseboard Heater
  • Natural Gas Water Heater
  • Municipal Trash
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 332-05787-0-0000

Community Details

Overview

  • 4 Units
  • 3-Story Building
  • Musser Park Subdivision

Building Details

  • 1 Vacant Unit
  • Net Operating Income $29,821

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,446

Year Built

Built in 1780

Lot Details

1,307 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1780
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven - Single, Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Carpet, Hardwood, Vinyl
  • Interior Amenities: Soaking Tub, Tub Shower
  • Fireplace: No
  • Foundation Details: Block
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 2650
  • Living Area Sq Ft: 2650
  • Price Per Sq Ft: 160.94
  • Above Grade Finished Sq Ft: 2650
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Rented/Permit Required
  • Type Of Parking: Off Site

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Baseboard - Electric, Radiant
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Water Source: Public
  • Municipal Trash: Yes

Schools

  • High School Source: Listing Agent
  • School District Source: 3rd Party
  • High School: MCCASKEY H.S.

Lot Info

  • Lot Features: Landscaping, Not In Development, Partly Wooded
  • Lot Size Acres: 0.03
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 1307.00
  • Outdoor Living Structures: Balcony, Porch(es)
  • Property Condition: Very Good
  • Zoning: MULTI USE
  • Zoning Description: Comm-Retail

Rental Info

  • Existing Lease Type: Yearly
  • Rent Control: No
  • Units Leased Count: 5
  • Vacation Rental: No

Tax Info

  • School Tax: 3869.00
  • School Tax Pymnt Freq: Annually
  • Tax Annual Amount: 6446.00
  • Assessor Parcel Number: 332-05787-0-0000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Number Of Units Vacant: 1
  • Gross Income: 42840.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3

MLS Schools

  • School District Name: SCHOOL DISTRICT OF LANCASTER
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/30/2023 08/30/23 Sold $426,500 0.0% $161 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $426,500 -- $161 / Sq Ft
Source: Bright MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $6,626 $165,700 $33,800 $131,900
2025 $6,557 $165,700 $33,800 $131,900
2024 $6,557 $165,700 $33,800 $131,900
2023 $6,446 $165,700 $33,800 $131,900
2022 $6,178 $165,700 $33,800 $131,900
2021 $6,045 $165,700 $33,800 $131,900
2020 $6,045 $165,700 $33,800 $131,900
2019 $5,955 $165,700 $33,800 $131,900
2018 $3,534 $165,700 $33,800 $131,900
2017 $3,743 $81,500 $19,700 $61,800
2016 $3,709 $81,500 $19,700 $61,800
2015 $1,447 $81,500 $19,700 $61,800
2014 $3,237 $81,500 $19,700 $61,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: PALA2036334

Bright MLS

APN: 332-05787-0-0000

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